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Simmons & Simmons

CITYPOINT, ONE ROPEMAKER STREET, LONDON, EC2Y 9SS, ENGLAND
Tel:
Work +44 20 7628 2020
Fax:
Fax +44 20 7628 2070
DX:
12 LONDON CHANCERY
Email:
Web:
www.simmons-simmons.com

Michael Lorraine

Tel:
Work 020 7825 3959
Email:
Simmons & Simmons

Position

Michael is a partner in the capital markets group, which forms part of the financial markets department. He has extensive experience advising on a wide range of structured finance products including securitisation, repackaging, receivables financing and supply chain finance, with a particular emphasis on innovative asset-backed structures. He has advised investment banks, investment funds, originators, trustees and rating agencies and is experienced in a large number of asset classes including residential and commercial mortgages, leases, loans, auto loans and trade receivables.

Career

Qualified 2003; joined Simmons & Simmons 2005.


London: Finance

Structured products and securitisation

Within: Leading individuals

Michael Lorraine - Simmons & Simmons

Within: Structured products and securitisation

Simmons & Simmons is a structured products powerhouse and has significantly enhanced its securitisation offering in recent years. The firm acts for nine of the world's ten world’s largest investment banks, as well as advising a host of major buy-side clients. It assists many hedge fund and institutional asset manager clients with structured products and regulatory matters. It also has a specialist practice advising government and supra-national clients, including the British Business Bank and the European Investment Fund. Key strengths of the practice are complex asset repackaging transactions and advice to corporate trustees. Head of structured finance and derivatives Paul Browne is a standout partner for structured debt products, notably structured equity-linked and structured fund-linked transactions. Up-and-coming partner Eucharia Bragg is recommended for structured credit products. The firm has boosted its presence in the securitisation market and is handling a growing number of public deals. It is also a market leader in synthetic securitisations. Michael Lorraine is the standout securitisation partner. Newly promoted partner Kathryn James is recommended for CMBS, RMBS and credit card transactions. Vastly experienced partner James Grand joined from Freshfields Bruckhaus Deringer LLP.

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Trade finance

Within: Trade finance

Simmons & Simmons is active in all of the key sub-sectors of the trade finance market including structured trade and commodity finance, account receivables and supply chain finance, and ECA-backed transactions, as well as handling Islamic finance and providing regulatory advice. Among its clients are banks, trading companies, niche trade finance providers and trade-focussed funds, and the firm continued to grow its roster of clients in 2018. the firm's highly regarded securitisation practice is key to its offering in structured transactions, and the firm also brings its expertise in commodities, energy and emerging markets to bear on its trade finance work. Omar Al-Ali moved to Reed Smith LLP but structured trade and commodity finance specialist Matthew Cox recently returned to London from Singapore. Head of asset-backed finance and securitisation Michael Lorraine and managing associate Rose-Anna Burnett, who focuses mainly on energy and developing markets finance transactions, are also active in the trade finance market.

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Legal Developments by:
Simmons & Simmons

  • Failure to counter financial crime: Norwich Union Life

    In December 2007, the Financial Services Authority (FSA) imposed a fine of £1.26m on Norwich Union Life (part of the Aviva Group), one of the largest life insurance businesses in the UK with around seven million customers. The fine related to failures to take reasonable care to establish and maintain effective systems and controls for countering the risks of financial crime. The fine is the latest confirmation of the emphasis being placed on protecting clients and customers from the threat of financial crime.
    - Simmons & Simmons

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